Artificial Intelligence Chipmaker Hailo Raises $12.5 Million

Tel Aviv-based artificial intelligence chip startup Hailo Technologies Ltd. has raised $12.5 million in a series A funding round, the company announced Tuesday. Investors include Jerusalem-headquartered equity crowdfunding platform OurCrowd, as well as two venture capital funds dedicated to automotive technologies -- Maniv Mobility, and Next Gear Management Ltd. The latest round brings the company's total funding raised to $16 million.